Macro disturbances cap upside room, while destocking continues to support aluminium price stabilisation
Futures: The most-traded SHFE aluminium contract opened at RMB 24,240 per tonne in the night session on September 4, with a high of RMB 24,355 per tonne, a low of RMB 24,220 per tonne, and a close of RMB 24,320 per tonne, up 0.12 per cent from the previous close. Futures stabilised and rebounded,...
Accelerated destocking of aluminium ingots lifts aluminium price centre, while peak-season performance is expected to cap upside room
Macro perspective: Fed Chairman Warsh delivered a hawkish speech at the Jackson Hole symposium, lifting market expectations for a September rate hike to around 60 per cent, while the US dollar consolidated amid fluctuations, unsettling the nonferrous metals sector. The Fed's latest Beige Book...
Grow with
AL Circle
Average alumina spot price in China remains same at RMB 2,818/t; A00 aluminium ingot price slips by RMB 250/t
According to the Shanghai Metals Market, the average alumina spot price in China has remained restrained to stand at RMB 2818 per tonne, as of Tuesday, January 4. For the same day in Henan and Shanxi, the price has stood the same to stand at RMB 2,835 per tonne, respectively. On the other hand in...
Hindalco Industries cuts its aluminium billets price by INR2500/t or 1% with effect from January 1
Hindalco Industries Limited cut its aluminium billets and aluminium wire rod prices, with effect from Saturday, January 1, 2022. That marked a cut for the second time in a row since December 30. Hindalco’s aluminium billets price came in at INR 257,100 per tonne, down by INR 2,500 per tonne or 1...
Japan’s aluminium imports record a M-o-M rise of 20% to 260,100 tonnes in October 2021
In October 2021, Japan imported 260,100 tonnes of aluminium, which reflected an increase of 43,600 tonnes or 20.1 per cent from a month ago. On a year-on-year calculation, the imports stood 90,600 tonnes or 53.5 per cent higher, as released by the Japan Aluminium Association data this week....
Average alumina spot price in China surges by RMB 6/t to peg at RMB 2,818/t; A00 aluminium ingot price hikes by RMB 220/t
According to the Shanghai Metals Market, the average alumina spot price in China has ascended by RMB 6 per tonne to close in at RMB 2,818 per tonne, as of Friday, December 31. For the same day in Henan and Shanxi, the price has surged by RMB 10 per tonne to stand at RMB 2,835 per tonne,...
LME aluminium price drops by US$5.50/t to settle at US$2829.50/t; SHFE price surges by US$33/t
LME aluminium opened at US$2,813.50 per tonne on Thursday, December 30, and closed at US$2,815 per tonne, an increase of US$3 per tonne or 0.11 per cent. Both LME aluminium cash (bid) price and LME official settlement price continued to decrease on Thursday, December 30, to stand at US$2,829 per...
Hindalco Industries’ aluminium wire rod price sees a slash of INR3750/t with effect from December 30
Hindalco Industries Limited has slashed both of its aluminium wire rod and billets prices, with effect from Thursday, December 30. The company’s aluminium wire rod price has witnessed a cut of INR 3,750 per tonne to stand at 256,600 per tonne, as against INR 260,350 per tonne on December 25....
Average alumina spot price in China remains unchanged to peg at RMB 2,809/t; A00 aluminium ingot price hikes by RMB 140/t
On Wednesday, December 29, the average alumina spot price in China remained restrained to close at RMB 2,809 per tonne, found the Shanghai Metals Market. For the same day in Shanxi and Lianyungang, the price has remained restrained to come in at RMB 2,815 per tonne and RMB 2,875 per tonne,...
Hindalco grows its aluminium billets and wire rod prices by INR1750/t with effect from December 25
Hindalco Industries Limited grew its aluminium billets and aluminium wire rod prices by INR 1,750 per tonne with effect from Saturday, December 25. The hike brought the company’s aluminium wire rod price to INR 260,350 per tonne as against INR 258,600 per tonne on December 23. Hindalco’s aluminium...
Average alumina spot price in China descends by RMB 2/t to close at RMB 2,809/t; A00 aluminium ingot price slips by RMB 30/t
On Tuesday, December 28, the average alumina spot price in China slumped by RMB 2 per tonne to close at RMB 2,809 per tonne, found the Shanghai Metals Market. For the same day in Shanxi and Lianyungang, the price has remained restrained to come in at RMB 2,815 per tonne and RMB 2,875 per tonne,...
NALCO hikes its aluminium ingot price by over INR10,000/t to INR242,550-246,050/t w.e.f. December 24
National Aluminium Company Limited (NALCO) significantly hiked its aluminium ingot and aluminium products prices on Friday, December 24. The company’s aluminium ingot price came in at INR 242,550-246,050 per tonne, up by INR 10,600 per tonne or 4.5 per cent from INR 231,950- 235,450 per tonne on...
Average alumina spot price in China slumps by RMB 3/t to close at RMB 2,811/t; A00 aluminium ingot price closes at RMB 19,810/t
The average alumina spot price in China has opened the week on Monday, December 27, slipping by RMB 3 per tonne to come in at RMB 2,811 per tonne, found the Shanghai Metals Market. For the same day in Henan and Shanxi, the price has remained unchanged to stand at RMB 2,815 per tonne, respectively....
Primary Aluminium Weekly Recap: China’s aluminium imports hit a year high at 2.97 MT in 11 months; Global aluminium output in 11 months stands 3.6% higher
Several news in the primary aluminium industry have made round ups this week, but among them what has gained the most attention is China’s year-high aluminium imports within the 11 months of 2021, as limited domestic aluminium production due to power usage restrictions underpin demand for overseas...
Average alumina spot price in China slips by RMB 4/t to stand at RMB 2,814/t; A00 aluminium ingot price stands at RMB 20,070/t
On Friday, December 24, the average alumina spot price in China has gone down by RMB 4 per tonne to come in at RMB 2,814 per tonne, found the Shanghai Metals Market. The average alumina price in Guizhou has gone down by RMB 50 per tonne to come in at RMB 2,800 per tonne. In Lianyungang and...
Hindalco Industries’ aluminium ingot price undergoes a hike of INR3000/t with effect from December 22
Hindalco Industries Limited increased its aluminium ingot and aluminium products prices with effect from Wednesday, December 22, after a cut on the previous day. Hindalco’s aluminium ingot price came in at INR 238,250 per tonne on December 22 after being grown by INR 3,000 per tonne from INR...
NALCO’s aluminium ingot price gains INR2700/t to range between INR231,950- 235,450/t w.e.f. December 21
National Aluminium Company Limited has increased its aluminium ingot and aluminium products prices, with effect from Tuesday, December 21, since the last hike of INR 3,000 per tonne on December 10. With the latest hike, NALCO’s aluminium ingot price has come in at INR 231,950- 235,450 per tonne, up...
Hydro invests in Deeside aluminium remelting plant to increase recycling production
The global aluminium giant Norsk Hydro’s investment scales up Hydro Aluminium Deeside’s situation in the UK extrusion ingot domestic market delivering consumers with higher recycled aluminium from Q1 2023. Trond Olaf Christophersen, the head of Recycling in Hydro Aluminium Metal: "With this...
Hindalco Industries grows its aluminium wire rod price for the second day in a row by INR5000/t w.e.f. December 18
Hindalco Industries Limited increased its aluminium products and aluminium ingot prices back-to-back on Saturday, December 18. The company grew its aluminium wire rod price by INR 5,000 per tonne or 2.03 per cent from INR 245,850 per tonne on December 17 to INR 250,850 per tonne. Hindalco’s...
Average alumina spot price in China slips by RMB 11/t to stand at RMB 2,823/t; A00 aluminium ingot price ascends by RMB 200/t
The average alumina spot price in China has opened the week on Monday, December 20, slumping by RMB 11 per tonne or by 0.38 percent to stand at RMB 2,823 per tonne, found the Shanghai Metals Market. For the same day in Shandong and Henan, the price has gone down by RMB 10 per tonne to close in at...
